How much did bitcoin cost when it first started in 2008?
Luke VDec 26, 2021 · 3 years ago3 answers
Can you tell me the initial price of bitcoin when it was first introduced in 2008? I'm curious to know how much it was worth back then.
3 answers
- Dec 26, 2021 · 3 years agoBack in 2008, when bitcoin was first introduced, it had no intrinsic value and was not traded on any exchanges. Therefore, it didn't have a specific price. It was only in 2010 when the first known transaction took place, where someone exchanged 10,000 bitcoins for two pizzas. This transaction set the first-ever price for bitcoin at around $0.003 per coin.
- Dec 26, 2021 · 3 years agoAh, the good old days of bitcoin! When it first started in 2008, it didn't really have a price tag. It was more of a concept and an experiment. It wasn't until a couple of years later, in 2010, when someone decided to trade 10,000 bitcoins for two pizzas. That's when the first price of bitcoin was established, and it was around $0.003 per coin. Can you believe it? Those pizzas would be worth millions today!
- Dec 26, 2021 · 3 years agoWhen bitcoin first started in 2008, it didn't have a fixed price like traditional currencies. It was more of a peer-to-peer network experiment. However, the first recorded transaction involving bitcoin happened in 2010, when someone famously bought two pizzas for 10,000 bitcoins. At that time, the price of bitcoin was approximately $0.003 per coin. It's crazy to think how much it has grown since then!
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